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Philippines News
Philippine c.bank chief signals rate cut next week
Reuters - Friday, July 3
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Remittances may rise in 2009-Philippine c.bank
Reuters - Wednesday, July 1MANILA, July 1 (Reuters) - Remittances from overseas Filipinos may rise this year, with signs of sustained demand for Filipino workers from Canada, Australia and some countries in the Middle East, a central bank report said.
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Philippine Q2 farm output up 1.5-2 pct - minister
Reuters - Wednesday, July 1MANILA, June 30 (Reuters) - Philippine farm production likely grew 1.5-2.0 percent in the second quarter from a year earlier, about the same pace as the first three months of 2009, Agriculture Secretary Arthur Yap said.
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Manila c.bank sees June inflation at 2-decade low
Reuters - Monday, June 29(Adds trader comment, milestone, details)
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Philippines seeks c.bank okay for $1 bln debt-sources
Reuters - Monday, June 29MANILA, June 28 (Reuters) - The Philippine government has asked the central bank's approval to borrow $1 billion overseas to fund a record budget deficit this year, sources from the Finance department and monetary authority said at the weekend.
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RP rejects San Miguel, Aboitiz power plant bids
GMANews.TV - Saturday, June 27MANILA, Philippines - Two prominent business groups in the Philippines failed to secure power generation contracts being offered for sale by the government.
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Manila's PSALM rejects bids for power purchase deals
Reuters - Saturday, June 27(Adds details, background)
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Xstrata to study viability of $5.2 bln Philippine project
Reuters - Saturday, June 27MANILA, June 26 (Reuters) - An investor group led by Xstrata Copper will conduct a study on the viability of a $5.2 billion copper-gold project in southern Philippines, Xstrata said on Friday.
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Philippines' Galoc field halts oil output on weather
Reuters - Friday, June 26MANILA, June 26 (Reuters) - Production at the Galoc oilfield in offshore Philippines has been temporarily suspended due to adverse weather conditions, a local partner in the project said on Friday.
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Slow pay rise to increase number of poor families
GMANews.TV - Friday, June 26MANILA, Philippines - Slower pay hikes – especially among low salary earners – are expected to increase the numbers of poor Filipino households this year, an official said.
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Pre-need sales rise, propped up by more pension plans sold
GMANews.TV - Friday, June 26MANILA, Philippines - Pre-need sales rose during the four-month period as this was propped up by more pension plans sold, data from the Securities and Exchange Commission showed.
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Education plans' recovery fail to prop up pre-need
GMANews.TV - Friday, June 26MANILA, Philippines - Pre-need sales improved during the four-month period propped up by pension plans, data from the Securities and Exchange Commission showed.
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World Bank extends $70.36 million for agri, food security
GMANews.TV - Friday, June 26MANILA, Philippines - The Philippines secured a loan from the World Bank that will boost its agriculture sector and food security.
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Manila c.bank sees smaller drop in 2009 exports
Reuters - Friday, June 26* C.bank says smaller drop in 2009 exports possible
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GMA Network confident of meeting growth goals
GMANews.TV - Friday, June 26MANILA, Philippines - GMA Network Inc. remained confident of meeting its first half profit goals after various companies continued to spend for advertising and promotion.
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More Filipinos now trade in stocks, study says
GMANews.TV - Friday, June 26MANILA, Philippines - Local retail investors in the Philippine stock market has increased, indicating that more Filipinos have cashed in on the opportunities brought by buying and selling shares of listed companies.
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More Filipinos are now investing in the stock market
GMANews.TV - Friday, June 26MANILA, Philippines - Local retail investors in the local stock market has increased, indicating a bigger portion of the population has become aware of the opportunities available to them through listed companies.
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Government sets aside P3.9B for massive corn buying
GMANews.TV - Friday, June 26MANILA, Philippines - The Agriculture department has earmarked P3.9 billion to purchase at least 300,000 metric tons of yellow corn from local farmers at a higher price of P13 per kilo to entice them to plant more, secretary Arthur Yap said.
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RP factory output extends losses in April
GMANews.TV - Thursday, June 25MANILA, Philippines- Factory output declined for the sixth straight month in April at a faster rate, the National Statistics Office Thursday.
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World Bank loan to boost Philippine rice output
AFP - Thursday, June 25MANILA (AFP) - - The World Bank has said it had approved a 70.36 million-dollar farming loan for the Philippines aimed at boosting output in the world's largest rice importer.
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